Asset management giant BlackRock has partnered with Allfunds to broaden investor access to private market funds.
BlackRock is joining the Allfunds Private Partners program (APP) – an initiative launched in July focused on supporting client access to private market funds – according to a statement. As of 31 June, BlackRock oversaw $320 billion in alternative investments, including $156 billion in private markets.
«Through the initiative, BlackRock will be able to broaden access to its leading private markets offering to clients across EMEA and APAC, whilst also improving services available to existing clients,» B2B wealth tech platform Allfunds said.
«Allfunds and BlackRock have a history of collaboration, and we're delighted they're choosing to work with us to expand their alternative investment presence,» added head of Allfunds alternative solutions Borja Largo. «Through [the APP program], we're dedicated to providing our clients with our expertise and market knowledge to help them succeed in their distribution goals.»
